Zacks: HopFed Bancorp, Inc. (HFBC) Receives Average Recommendation of “Hold” from Analysts

Shares of HopFed Bancorp, Inc. (NASDAQ:HFBC) have been assigned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.

Zacks has also assigned HopFed Bancorp an industry rank of 93 out of 265 based on the ratings given to its competitors.

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Separately, Zacks Investment Research lowered HopFed Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th.

HFBC stock traded up $0.86 during trading on Wednesday, hitting $15.30. The company had a trading volume of 9,115 shares, compared to its average volume of 13,912. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $96.22, a price-to-earnings ratio of 20.13 and a beta of 0.19. HopFed Bancorp has a fifty-two week low of $13.51 and a fifty-two week high of $16.29.

HopFed Bancorp (NASDAQ:HFBC) last announced its quarterly earnings results on Friday, January 26th. The savings and loans company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business had revenue of $8.84 million for the quarter, compared to analyst estimates of $9.03 million. HopFed Bancorp had a return on equity of 5.31% and a net margin of 8.86%. research analysts anticipate that HopFed Bancorp will post 0.89 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 23rd. Investors of record on Wednesday, April 4th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Tuesday, April 3rd. HopFed Bancorp’s dividend payout ratio is 26.32%.

Hedge funds have recently made changes to their positions in the stock. Gendell Jeffrey L boosted its stake in HopFed Bancorp by 1.3% in the fourth quarter. Gendell Jeffrey L now owns 331,825 shares of the savings and loans company’s stock worth $4,679,000 after purchasing an additional 4,097 shares in the last quarter. Kennedy Capital Management Inc. boosted its stake in HopFed Bancorp by 71.5% in the fourth quarter. Kennedy Capital Management Inc. now owns 177,352 shares of the savings and loans company’s stock worth $2,501,000 after purchasing an additional 73,947 shares in the last quarter. Northern Trust Corp boosted its stake in HopFed Bancorp by 2.5% in the second quarter. Northern Trust Corp now owns 11,505 shares of the savings and loans company’s stock worth $165,000 after purchasing an additional 278 shares in the last quarter. Deutsche Bank AG acquired a new position in HopFed Bancorp in the fourth quarter worth $124,000. Finally, Renaissance Technologies LLC acquired a new position in HopFed Bancorp in the fourth quarter worth $141,000. 46.84% of the stock is currently owned by institutional investors and hedge funds.

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About HopFed Bancorp

HopFed Bancorp, Inc operates as the bank holding company for Heritage Bank USA, Inc that provides various banking products and services. It accepts various deposit products, including money market accounts, passbook savings accounts, individual retirement accounts, certificates of deposit, and interest-bearing demand deposits and time deposits.

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